SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Reaches New 1-Year Low – Here’s Why

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB – Get Free Report) shares hit a new 52-week low during trading on Tuesday. The company traded as low as $32.20 and last traded at $32.30, with a volume of 5226581 shares changing hands. The stock had previously closed at $32.43.

SPDR Portfolio Intermediate Term Corporate Bond ETF Trading Down 0.1%

The company has a fifty day moving average of $32.92 and a two-hundred day moving average of $33.25.

Institutional Trading of SPDR Portfolio Intermediate Term Corporate Bond ETF

A number of hedge funds have recently made changes to their positions in the company. Nilsine Partners LLC grew its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 2.5% during the second quarter. Nilsine Partners LLC now owns 255,354 shares of the company’s stock worth $8,544,000 after purchasing an additional 6,272 shares during the last quarter. Compass Financial Management LLC bought a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 2nd quarter valued at approximately $36,000. Strive Financial Group LLC boosted its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 410.6% during the 2nd quarter. Strive Financial Group LLC now owns 6,714 shares of the company’s stock worth $225,000 after buying an additional 5,399 shares during the period. GoalVest Advisory LLC boosted its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 3.4% during the 2nd quarter. GoalVest Advisory LLC now owns 632,007 shares of the company’s stock worth $21,147,000 after buying an additional 20,938 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 4.6% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,469 shares of the company’s stock worth $283,000 after buying an additional 373 shares during the period.

SPDR Portfolio Intermediate Term Corporate Bond ETF Company Profile

(Get Free Report)

The SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, fixed-rate taxable US corporate bonds with a maturity of at least one year, but no more than 10 years. SPIB was launched on Feb 10, 2009 and is managed by State Street.

Further Reading

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